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make sure its 2020 nit 2017 Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem.
make sure its 2020 nit 2017
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year During 2020, Cassandra Albright, who is single, worked part-time at a doctor's office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses: Revenue $ 48,000 Laptop computer purchased 4/23/20 (5179 elected) 2,300 Travelt 2,500 miles for business, 13.000 personal Supplies 500 Cell phone charge 540 Cassondra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Her W-2 shows the following: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding Other income: 1099--INT Old Bank 1999-OIV Bake Company, Incorporated-Ordinary dividends Qualified dividends $ 45,300 4,983 45,300 2,809 657 2,265 2,300 3,100 3,100 Cassandra had the following itemized deductions: Cassandra made two federal estimated payments of $6,500 each on April 15 and June 15. Required: Prepare Form 1040 for Cassandra for 2020, including Schedule A Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate Tax Tables (Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations, Round your final answers to nearest whole dollar and percentage values to two decimal places. Instructions can be found on certain cells within the forms. Do not skip rows, while entering Other Expenses section in Schedule C.) Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year During 2020, Cassandra Albright, who is single, worked part-time at a doctor's office and received a W-2. She also had a cash-basis consulting practice that had the following income and expenses: Revenue $ 48,000 Laptop computer purchased 4/23/20 (5179 elected) 2,300 Travelt 2,500 miles for business, 13.000 personal Supplies 500 Cell phone charge 540 Cassondra (SSN 412-34-5670) resides at 1400 Medical Street, Apt. 3A, Lowland, CA 92273. Her W-2 shows the following: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding Other income: 1099--INT Old Bank 1999-OIV Bake Company, Incorporated-Ordinary dividends Qualified dividends $ 45,300 4,983 45,300 2,809 657 2,265 2,300 3,100 3,100 Cassandra had the following itemized deductions: Cassandra made two federal estimated payments of $6,500 each on April 15 and June 15. Required: Prepare Form 1040 for Cassandra for 2020, including Schedule A Schedule B, Schedule C, Schedule SE and Form 4562. Use the appropriate Tax Tables (Input all the values as positive numbers. Use Rounded values for tax computation. Do not round other intermediate computations, Round your final answers to nearest whole dollar and percentage values to two decimal places. Instructions can be found on certain cells within the forms. Do not skip rows, while entering Other Expenses section in Schedule C.) Step by Step Solution
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